USD/CAD Stacking Retracement Zones (Confluent Zones)

USD/CADOANDA

Description

⋅ May 9, 2018 2:46 AM

We can identify the beginning major swing wave low as the anchor and the major swing wave high as the mast.
Using the three major swing wave low points with the mast, we use the Fibonacci retracement to create an area of confluence.

Comments

MoneyEngineer

⋅ May 9, 2018 3:27 AM

Well done! You have two retracements in play here, and remember.. the 1.618 is considered an external retracement.

jmontana1980

⋅ May 9, 2018 6:16 AM

@MoneyEngineer, Thanks for the review! Great classes!